TOURISM AND MEDIA

Sunstone Buys Key West Resort

Aliso Viejo-based Sunstone Hotel Investors Inc. has paid $175 million for a newly-built resort property in Key West, Fla.

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SEC Recommends Ubiquity Stock be Revoked

The Securities and Exchange Commission’s Division of Enforcement has recommended the stock of Irvine-based Ubiquity Inc. be revoked, according to SEC documents.

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OC Wins One at FAA

The Federal Aviation Administration denied a Part 16 complaint against Orange County filed by Signature Flight Services Corp. over fixed-base operations at John Wayne Airport.

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John Wayne Traffic Flat in June

John Wayne Airport said 902,059 passengers moved through the facility in June, compared with 902,673 in the same month last year.

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Register Parent Sells Distributor

Digital First Media and co-owner Los Angeles Times sold their CIPS Marketing Group to ACI Last Mile Network on undisclosed terms.

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Hotel Construction Down; Planning Up

The number of hotels and rooms under construction in Orange County as of the end of June declined year-over-year but the number of hotels and rooms in development—which includes hotels in planning—is up.

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Jannard Unveils ‘Mind-Numbing’ Product

Irvine-based Red Digital Cinema Camera Co. is now making Hydrogen One, a smartphone that “seamlessly switches between traditional 2D content, holographic multi-view content, 3D content and interactive games,” founder Jim Jannard posted on the company’s online users forum this morning.

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CSUF Center Gets Nod

California State University-Fullerton’s Center for Insurance Studies was named a Global Center of Insurance Excellence by the International Insurance Society, an award to be presented in July at the IIS Global Insurance Forum in London.

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Ubiquity Faces Stock Revoke

The Securities and Exchange Commission said it has started the process of revoking the stock of Irvine-based Ubiquity Inc., which was due to update its filings with the SEC by June 30 but missed the deadline.

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Advantage Buys in Netherlands

Advantage Smollan Ltd. in London—a holding company Irvine-based Advantage Solutions Inc. set up in 2015 with Smollan Group in Johannesburg—plans to acquire Netherlands-based Hamilton Bright Group B.V. on undisclosed terms.

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OC Automakers Trail National Pace

The four largest Orange County-based automakers trailed the national sales pace for new vehicles in June, according to New Jersey-based market researcher Autodata Corp.

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ShiftPixy Goes Public

Irvine-based ShiftPixy Inc. went public today, raising $12 million on an offering of 2 million shares.

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Gallegos Hires Ex-Mazda Ad Exec

Harvey Marco, a former chief creative officer of Mazda North American Operations’ advertising agency of record, Garage Team Mazda in Costa Mesa, joined Gallegos United in Huntington Beach as chief creative officer and co-president.

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Mesa Verde Tees Up $7.3M Upgrade

Mesa Verde Country Club in Costa Mesa is getting a makeover.

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Four OC RIAs Make U.S. List

Four Orange County-based firms made the Financial Times’ fourth annual list of the top 300 registered investment advisers in the United States.

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